Wednesday, September 12, 2012

F1Soft International in Red Herring Top 100 Asia

A domestic software company –
F1Soft International – has made it to the final 100 winners list of Red
Herring's Top 100 Asia award for its innovative products and services in the
Mobile Financial Service sector in Nepal.

Red Herring has announced its Top
100 award in recognition of the leading private technology companies of Asia,
celebrating the innovations and technologies of these startups across their
respective industries.

"Our products and services,
which were considered new a few years back, are already successful and widely
accepted in Nepal," said president of F1Soft International Biswas Dhakal,
highlighting the current market presence and the evolution of its products and
services in the award ceremony organised in Hong Kong on September 10-12, where
some 200 finalists from across Asia, Australia and New Zealand also made their
presentations out of which 100 were selected as winners.

"The award has recognised
the fact that our success in Nepal is no small feat and our innovations are
truly world class," said Dhakal, thanking his team for helping make it
possible and the valued clients for trusting the company and using its products
to create a winning combination for success.

F1Soft is the largest provider of
transactional banking products and mobile financial services in the domestic
market for many banks and financial institutions, including mobile banking,
internet banking, remittance and eSewa.

"F1Soft has become the first
and only company from Nepal to receive this prestigious award," the young
entrepreneur added.

Red Herring’s Top 100 Asia list
has become a mark of distinction for identifying promising new companies and entrepreneurs.
Red Herring editors were among the first to recognise companies like Facebook,
Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay, which have
changed the way we live and work.

"Choosing companies with the
strongest potential was by no means a small feat," said publisher and
chief executive of Red Herring Alex Vieux.

"After rigorous
contemplation and discussion, we narrowed down our list from hundreds of
candidates from across Asia to the Top 100 winners," he said, adding that
they believed F1Soft International embodies the vision, drive and innovation
that define a successful entrepreneurial venture. "F1Soft should be proud
of its accomplishment, as the competition was the strongest it has ever
been."

The assessment of potential is
complemented by a review of the track record and standing of startups relative
to their peers, allowing Red Herring to see past the 'buzz' and make the list a
valuable instrument of discovery and advocacy for the most promising new
business models in Asia.